Slate Asset Management to Acquire Presima, a $1.1-Billion Montreal-Based Specialist Investment Manager Focused on Global Real Estate Securities
Summary
“ We have been extremely impressed with the team at Presima and the sophisticated global offerings, data infrastructure, and client base they have grown out of Montreal over the last twenty years,” said Blair Welch, Founding Partner at Slate. We have proven that thesis with our performance over the last several years, and we see an exciting opportunity to join with the team at Presima and leverage the impressive infrastructure, technology, and client solutions they have established to continue identifying compelling investment opportunities in the public markets.” The Transaction will deepen Slate’s presence in North America with a new office in Montreal and add a team of 19 dedicated professionals to Slate’s growing platform. “ Slate’s global reach, experienced leadership and access to resources will enable us to unlock new avenues of growth and maximize the talent and expertise of our team,” said Marc-André Flageole, Interim CEO at Presima. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Slate, Presima and the other Transaction parties disclaim any intention or obligation or undertaking to update publicly or revise any forward-looking statements, whether written or oral, whether as a result of new information, future events or otherwise, except as required by applicable law.